“Tha Chang Green Energy” is preparing to enter the SET in the middle of this year after the SEC.

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Mr. Pongnarin Wansuwankul, Executive Chairman of Tha Chang Green Energy Public Company Limited (TGE), one of the leaders in the renewable energy industry that is friendly to the community and environment, revealed that the company is preparing to offer its shares to the general public for the first time. (IPO) in the amount of not more than 600 million shares after the Securities and Exchange Commission (SEC) counts one filing Ready to be listed on the Stock Exchange of Thailand (SET) within the middle of this year Expanding business to leading renewable energy power plant developers Building on the strengths of expertise in efficient production technology and raw material stability for sustainable growth

The company is ready to build on its strength as a developer of renewable energy power plants with expertise in efficient production technology. And there is stability in raw materials used as fuel for electricity generation with the aim of expanding stable and sustainable growth. To become a leading developer of renewable energy power plants according to Green Energy guidelines

Currently, TGE operates renewable energy power plants, comprising biomass power plants from main raw materials such as empty palm bunches, palm fibers, wood chips, and chopped tree roots, and community-waste power plants. The strengths that are different from other operators in the industry are:

1. Cost effectiveness (Effectiveness) due to biomass power plants Located in Tha Chang District, Surat Thani Province, which is the country’s important palm-cultivation area. while the Tha Chang Industrial Group, which operates the palm oil mill business, which has by product as raw materials, is used in biomass power plants and can purchase raw materials from local farmers. therefore has an advantage in raw materials Transportation costs and production fuel security In addition, all biomass power plants are located in close proximity to each other and use the same production technology. Therefore, it has flexibility in managing the cost of spare parts and equipment for the power plant, giving the company higher competitiveness and profitability.

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2. Efficiency in production and management (Efficiency) Able to produce high efficiency electricity with low cost. because the Company’s biomass power plant It can support a variety of fuels, including fuel with high humidity 40-60% and can burn 100% of the biomass raw material of the empty palm bunch, resulting in lower costs than the same type of power plant. Meanwhile, community waste power plants have adopted technology that can incinerate high humidity solid waste. and use the electricity generation process from waste incineration without having to go through the sorting process. thereby reducing the cost of electricity generation and reducing waste emissions. Approaching the form of zero pollution (Zero Waste)

3. Having experience and expertise in doing business (Experience) with good governance, which the company has personnel with experience and expertise Along with business operations that focus on the environment, society and good governance (ESG), committed to sustainable development of the organization. In line with the creation of corporate values ​​known as “TGE” (modern technology, high efficiency Emphasis on good governance of the organization, community, society and environment) for use as the main tool for driving strategies and action plans to be linked together. to develop into a stable organization covering all dimensions bring wealth to shareholders as well as the maximum benefit to all groups of stakeholders

Mr. Sakda Siriphatsophon, Chief Executive Officer of TGE, said that at present the company There are 3 biomass power plants in operation (COD) which are TGE, TPG and TBP power plants in Tha Chang District. Surat Thani Province The total installed capacity is 29.7 megawatts (MW) and the amount of electricity offered for sale to the Provincial Electricity Authority (PEA) under long-term contracts totaling 20.3 MW. There are also 3 community-waste power plants, namely TES SKW power plants in the province. Sa Kaeo, TES RBR Power Plant in Ratchaburi Province and TES CPN Power Plant in Chumphon Province, which have been selected by the local government organization (Local Administration) and are in the process of project development. It has a total installed capacity of 22 MW and an expected total electricity supply of 16 MW. COD is expected to begin within 2024.

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In addition, the Company plans to expand investment to other types of renewable energy power plants with potential both domestically and internationally, such as solar energy, wind energy, hydropower and biogas. To achieve the long-term goal of increasing installed capacity to more than 200 MW by 2032

For the operating results during the year 2019-2021, the Company had revenue from sales of 336.1 million baht, 650.9 million baht and 779.7 million baht, respectively, with a continuous growth rate of 52.3% per year from electricity sales. in the biomass power plant project that has increased according to the power plant project that is open for commercial operation, and in the year 2020 began to generate income from the management of waste disposal from the community waste power plant project Sa Kaeo Province while net profit in 2019-2021 increased to 94.3 million baht, 166.9 million baht and 202.1 million baht, respectively.

Mrs. Ratchada Klewpatinond Managing Director Investment Banking Division 2 KGI Securities (Thailand), as a financial advisor, said that TGE will offer IPO shares in the amount of not more than 600 million shares at a par value (par) of 0.50 baht per share, which is not more than a hundred. 27.3 each of the total number of issued and paid-up ordinary shares after the issuance and offering of shares at this time The proceeds from the fundraising will be used to invest in the power plant project. financial institution loan payment and as working capital for business operations


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